Bangalore is World’s 2nd fastest growing startup ecosystem, has youngest entrepreneurs.

Bangalore has risen four places in the latest Global Startup Ecosystem Ranking by San Francisco-based Compass, a research firm that provides global benchmarking tools.

Their first such report on worldwide startup ecosystem was in 2012. The current rankings have new entrants, cities that improved their score way higher than the last instance, and those that slipped. The data collection this time around is more comprehensive, so findings might not be directly comparable. But still, cities that have improved can take pride in their performance.

Like Bangalore, which at rank 15 is the only Asian city apart from Singapore to figure in the top 20. The city scores big time on exit valuations. Bangalore witnessed five times more exit value last year than it did in 2012. Across twenty startup cities, the average value was up 78 percent, so Bangalore outstripped them handily. But Berlin did even better, thanks to the IPOs of Rocket Internet and Zalando: exit value grew by a factor of as much as 20. That is by far the highest of all cities surveyed.

Venture capital funds also favoured Bangalore over most other cities, with a 4x rise in the amount of funding, which is an indicator of a thriving startup scene. A total of $2.256 billion (Rs. 14,428 crores) of venture investment was made in Bangalore last year, which made it the 7th biggest investment destination in the report. Clearly the huge amounts raised by India’s e-commerce players such as Flipkart and Snapdeal made a difference.